Energy Minister Unveiled $20m Renewable Energy Project

Oct 15 , 2022

Ministry of Water & Energy launched a renewable energy project dubbed Distributed Renewable Energy Agriculture Modalities (DREAM) with funds secured from the Global Energy Alliance for People & Planet and the Africa Development Bank (ADB). The project aimed to address solar-generated energy to agriculture, primarily for irrigation across the Amhara, Oromia, Sidama, and Southern Regional states. It is implemented with a 20 million dollar cost. It is part of Ethiopia's national electrification program, which aspires to cover its geography with electricity in 2030. Over 15,000 people will access energy, clean water, and street lights. The project hoped to replace diesel engine pumps with electric-powered alternatives for the irrigation project on 1,500hcts of land. Recently, the federal government has launched a project to build a hybrid mini-grid power plant in all regions, except Harari, Tigray, and Benishangul-Gumuz, at an estimated cost of 217 million dollars to generate 35MW power. The project will have the capacity to deliver power to 240,000 households.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...